Boyd Watterson Asset Management LLC OH Cuts Position in Zebra Technologies Corporation $ZBRA

Boyd Watterson Asset Management LLC OH cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 10.7% during the second quarter, HoldingsChannel reports. The fund owned 3,685 shares of the industrial products company’s stock after selling 440 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Zebra Technologies were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. Alyeska Investment Group L.P. purchased a new position in shares of Zebra Technologies in the 1st quarter valued at $99,995,000. Victory Capital Management Inc. increased its holdings in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock valued at $334,469,000 after acquiring an additional 255,193 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company’s stock valued at $73,286,000 after acquiring an additional 254,895 shares during the period. Nuveen LLC purchased a new position in shares of Zebra Technologies in the 1st quarter valued at $46,633,000. Finally, AQR Capital Management LLC increased its holdings in shares of Zebra Technologies by 381.6% in the 1st quarter. AQR Capital Management LLC now owns 201,652 shares of the industrial products company’s stock valued at $55,892,000 after acquiring an additional 159,781 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZBRA shares. Needham & Company LLC lifted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price on the stock in a research note on Thursday, July 10th. BNP Paribas upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $369.56.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $310.57 on Tuesday. The stock has a market cap of $15.79 billion, a PE ratio of 29.33 and a beta of 1.75. The business has a 50-day simple moving average of $307.29 and a 200-day simple moving average of $298.42. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. On average, equities analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has authorized a share repurchase program on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Zebra Technologies Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.